Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Séché Environnement S.A. (0OG6.L)

Company Dividend Discount ModelIndustry: Waste ManagementSector: Industrials

Valuation Snapshot

Stable Growth$1,648.62 - $1,942.52$1,820.35
Multi-Stage$449.73 - $493.23$471.08
Blended Fair Value$1,145.71
Current Price$100.60
Upside1,038.88%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.70%1.36%1.201.101.000.950.950.950.950.950.950.95
YoY Growth--8.55%9.99%5.34%-0.03%0.05%-0.03%-0.04%0.01%-0.01%-8.99%
Dividend Yield--1.54%1.00%1.12%1.33%2.40%2.53%3.58%3.08%3.29%3.29%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)76.28
(-) Cash Dividends Paid (M)17.91
(=) Cash Retained (M)58.37
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)15.269.535.72
Cash Retained (M)58.3758.3758.37
(-) Cash Required (M)-15.26-9.53-5.72
(=) Excess Retained (M)43.1248.8452.65
(/) Shares Outstanding (M)7.777.777.77
(=) Excess Retained per Share5.556.286.77
LTM Dividend per Share2.302.302.30
(+) Excess Retained per Share5.556.286.77
(=) Adjusted Dividend7.858.599.08
WACC / Discount Rate5.21%5.21%5.21%
Growth Rate5.01%6.01%7.01%
Fair Value$1,648.62$1,820.35$1,942.52
Upside / Downside1,538.79%1,709.49%1,830.93%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)76.2880.8685.7390.8896.34102.14105.20
Payout Ratio23.47%36.78%50.08%63.39%76.69%90.00%92.50%
Projected Dividends (M)17.9129.7442.9457.6173.8991.9297.31

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.21%5.21%5.21%
Growth Rate5.01%6.01%7.01%
Year 1 PV (M)28.0028.2728.54
Year 2 PV (M)38.0638.7939.52
Year 3 PV (M)48.0849.4750.88
Year 4 PV (M)58.0660.3062.61
Year 5 PV (M)68.0071.3074.73
PV of Terminal Value (M)3,256.003,414.013,578.10
Equity Value (M)3,496.213,662.143,834.38
Shares Outstanding (M)7.777.777.77
Fair Value$449.73$471.08$493.23
Upside / Downside347.05%368.27%390.29%

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